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Elon Musk accused of manipulating Dogecoin price in $258 billion lawsuit
Remember when Elon Musk changed Twitter's logo to Doge, the shiba inu dog mascot of cryptocurrency Dogecoin? It could cost him. The CEO of Twitter and Tesla has been accused of insider trading and manipulating the price of Dogecoin in a proposed class action lawsuit. According to Reuters, investors are claiming that Musk used his influence on Twitter, TV appearances, and paid online influencers to trade profitably at the expense of other investors. Musk has been very vocal about Dogecoin for years now, often causing spikes in Dogecoin's price. For example, in 2019 he said Dogecoin was his favorite currency. He also ... (full story)
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